AllianceBernstein Income Fund Releases Monthly Portfolio Update

Top 10 Fixed Income Holdings

Portfolio %

1)

U.S. Treasury Notes

2.625%, 8/15/20 - 11/15/20

13.71%

2)

U.S. Treasury Bonds

6.625%, 2/15/27

12.67%

3)

U.S. Treasury Bonds

6.875%, 8/15/25

11.75%

4)

U.S. Treasury Bonds

6.125%, 11/15/27

8.04%

5)

U.S. Treasury Notes

1.625%, 8/15/22 - 11/15/22

4.86%

6)

U.S. Treasury Bonds

7.625%, 2/15/25

4.27%

7)

U.S. Treasury Bonds

8.00%, 11/15/21

3.73%

8)

Federal National Mortgage Association

5.375%, 6/12/17

2.29%

9)

Residual Funding Corp. Principal Strip

Zero Coupon, 7/15/20

1.20%

10)

U.S. Treasury Bonds

6.25%, 8/15/23    

0.99%

Fixed Income Holdings by Security Type

Portfolio %

Governments - Treasuries

  Treasuries

61.85%

SUBTOTAL

61.85%

Corporates - Non-Investment Grades

  Industrial

    Communications - Media

1.67%

    Energy

1.36%

    Capital Goods

1.30%

    Consumer Non-Cyclical

1.17%

    Consumer Cyclical - Automotive

0.64%

    Technology

0.63%

    Basic

0.60%

    Consumer Cyclical - Other

0.51%

    Consumer Cyclical - Retailers

0.45%

    Communications - Telecommunications

0.36%

    Services

0.26%

    Other Industrial

0.17%

    Transportation - Services

0.09%

    Consumer Cyclical - Entertainment

0.03%

    Consumer Cyclical - Restaurants 

0.01%

  SUBTOTAL                    

9.25%

 Financial Institutions

    Banking                     

0.46%

    Other Finance             

0.30%

    Brokerage                   

0.10%

    REITS                        

0.10%

  SUBTOTAL                 

0.96%

 Utility

    Electric                        

0.74%

    Natural Gas                   

0.18%

 SUBTOTAL                    

0.92%

SUBTOTAL                     

11.13%

Corporates - Investment Grades

 Industrial

    Communications - Telecommunications         

0.96%

    Capital Goods                                 

0.55%

    Basic                                          

0.53%

    Energy                                        

0.41%

    Consumer Non-Cyclical                

0.36%

    Technology                                 

0.24%

    Communications - Media                

0.23%

    Consumer Cyclical - Retailers         

0.18%

    Consumer Cyclical - Entertainment       

0.11%

    Consumer Cyclical - Other                  

0.07%

    Transportation - Airlines                      

0.06%

    Transportation - Services                    

0.04%

    Consumer Cyclical - Automotive         

0.03%

  SUBTOTAL                                      

3.77%

 Financial Institutions

    Banking                                    

0.89%

    Insurance                                  

0.89%

    REITS                                       

0.44%

    Finance                                     

0.23%

    Other Finance                            

0.01%

  SUBTOTAL                                

2.46%

 Non Corporate Sectors

    Agencies - Not Government Guaranteed    

1.06%

  SUBTOTAL                                           

1.06%

 Utility

    Electric                    

0.19%

    Natural Gas              

0.06%

  SUBTOTAL               

0.25%

 SUBTOTAL                

7.54%

Agencies

 Agency Subordinated                 

2.29%

 Agency Debentures                    

2.23%

SUBTOTAL                                 

4.52%

Collateralized Mortgage Obligations

 Non-Agency Fixed Rate                

1.41%

 Non-Agency Floating Rate              

0.77%

 Agency Fixed Rate                        

0.02%

SUBTOTAL                                   

2.20%

Emerging Markets - Corporate Bonds

  Industrial

    Consumer Non-Cyclical                   

0.74%

    Communications - Media                 

0.29%

    Basic                                         

0.26%

    Communications - Telecommunications      

0.21%

    Energy                                        

0.15%

    Transportation - Airlines                

0.12%

    Capital Goods                              

0.10%

 SUBTOTAL                                   

1.87%

 Financial Institutions

    Banking                                   

0.14%

 SUBTOTAL                               

0.14%

SUBTOTAL                                

2.01%

Bank Loans

  Industrial

    Consumer Cyclical - Automotive        

0.43%

    Consumer Non-Cyclical                     

0.38%

    Consumer Cyclical - Retailers             

0.20%

    Technology                                  

0.20%

    Consumer Cyclical - Entertainment      

0.15%

    Basic                    

0.13%

    Communications - Media         

0.11%

    Capital Goods                        

0.08%

    Consumer Cyclical - Other       

0.08%

    Services                                 

0.08%

    Other Industrial                       

0.05%

    Energy                              

0.01%

 SUBTOTAL                        

1.90%

SUBTOTAL                         

1.90%

Mortgage Pass-Throughs

 Agency Fixed Rate 30-Year       

1.06%

 Agency ARMs                          

0.45%

SUBTOTAL                              

1.51%

Quasi-Sovereigns

 Quasi-Sovereign Bonds              

1.13%

SUBTOTAL                               

1.13%

Commercial Mortgage-Backed Securities

 Non-Agency Fixed Rate CMBS          

0.80%

 Non-Agency Floating Rate CMBS      

0.22%

SUBTOTAL                                       

1.02%

Local Governments - Municipal Bonds          

0.90%

Preferred Stocks

 Financial Institutions                            

0.75%

 Industrial                                      

0.11%

SUBTOTAL                                   

0.86%

Emerging Markets - Sovereigns                 

0.80%

Governments - Sovereign Bonds                

0.62%

Governments - Sovereign Agencies            

0.25%

Common Stocks                                      

0.03%

Options Purchased - Puts

 Options on Forward Contracts                    

0.02%

SUBTOTAL                                              

0.02%

Short-Term Investments

 Investment Companies                               

1.71%

Total Fixed Income                                    

100.00%

Country Breakdown

Portfolio %

United States                      

89.02%

Brazil                                  

2.35%

Russia                                 

1.44%

United Kingdom                    

1.04%

Canada                                 

0.65%

Mexico                                 

0.50%

Argentina                              

0.48%

Netherlands                          

0.39%

Luxembourg                         

0.36%

Indonesia                             

0.30%

Croatia                                

0.30%

Germany                             

0.27%

Hungary                              

0.25%

India                                   

0.23%

Barbados                            

0.23%

Switzerland                         

0.23%

Colombia                            

0.21%

Venezuela                         

0.20%

Peru                                 

0.19%

El Salvador                       

0.19%

Spain                               

0.18%

Nigeria                             

0.14%

Norway                            

0.13%

Portugal                           

0.13%

Belarus                            

0.12%

France                             

0.10%

Belgium                           

0.09%

Australia                          

0.08%

United Arab Emirates             

0.08%

Singapore                              

0.07%

Jamaica                                 

0.05%

Total Investments                     

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

108.57%

Russian Rubles

0.90%

Singapore Dollar

0.52%

Nigerian Naira

0.20%

Brazilian Real

0.07%

Mexican Peso

0.01%

New Turkish Lira

-0.01%

Euro

-0.18%

Japanese Yen

-1.00%

Czech Koruny

-1.01%

Australian Dollar

-2.02%

Canadian Dollar

-2.06%

Great British Pound

-3.99%

Total Investments

100.00%

  Credit Quality Breakdown

Portfolio %

    AAA

67.79%

    AA

0.10%

    A

2.13%

    BBB

9.41%

    BB

8.28%

    B

7.43%

    CCC

2.44%

    CC

0.38%

    D

0.10%

    Not Rated                 

0.23%

    Short Term Investments             

1.71%

    Total Investments                      

100.00%

Portfolio Statistics:

 Average Coupon:                      

8.46%

 Average Bond Price :                

119.19

 Percentage of Leverage:

  Bank Borrowing:                        

0.00%

  Investment Operations:              

53.08%*

  Preferred Stock:                        

0.00%

  Tender Option Bonds:                 

0.00%

  Term Asset-Backed Loans Facility (TALF):     

0.00%

  Total Fund Leverage:                  

53.08%

 Average Maturity:                 

15.14 Years

 Effective Duration:                

8.91 Years

 Total Net Assets:                 

$2,034.05 Million

 Net Asset Value:

$8.37

 Number of Holdings:             

381

 Portfolio Turnover:

58%